Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about […]
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Tesla records $23 million in bitcoin-related impairments after cryptocurrency’s second-quarter plunge
A Tesla store in Beijing, China, on July 4, 2021. Costfoto | Barcroft Media | Getty Images Tesla said Monday that a $23 million bitcoin-related impairment caused some drag on its quarterly operating income. The electric auto company only referred to bitcoin or crypto one time in its second-quarter announcement, […]
Final missing person identified in Florida condo collapse, bringing death toll to 98
People visit the memorial that has pictures of some of the victims from the partially collapsed 12-story Champlain Towers South condo building on July 15, 2021 in Surfside, Florida. 92 victims have been identified as the search and recovery effort nears completion. Joe Raedle | Getty Images The last missing […]
Stock futures are flat ahead of Big Tech earnings
A trader works inside his post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Stock futures were flat in overnight trading Monday ahead of quarterly earnings reports from several mega-cap technology companies. Futures on the Dow Jones Industrial Average added 6 points, or 0.02%. S&P […]
Olympics ratings rebound following the drop in opening ceremonies viewership
Tokyo, Japan, Sunday, July 25, 2021 – Mens Basketball, USA vs. France at Saitama Super Arena. Robert Gauthier | Los Angeles Times | Getty Images The Tokyo Olympics attracted an average of 19.8 million viewers for Sunday coverage throughout NBCUniversal platforms, the media giant said on Monday. Events including swimming, […]
The internet is far from being accessible for all people with disabilities, advocate says
AccessiBe Chief Vision Officer Michael Hingson told CNBC on Monday there is significant need to make the internet more accessible for users who have visual impairments and other disabilities. “There hasn’t been a lot of improvement. There’s been some,” Hingson said’ on “The Exchange.” “The problem is most people aren’t […]
Facebook creates exec team to work on Mark Zuckerberg’s vision for a digital universe
David Paul Morris | Bloomberg | Getty Images Facebook will create a product team to work on the “metaverse,” a concept that involves creating digital worlds that multiple people can inhabit at the same time. The metaverse team will be part of Facebook’s virtual reality group, Reality Labs, executive Andrew […]
Stocks making the biggest moves after hours: Tesla, F5 Networks, Coinbase and more
The logo of Tesla seen at one of its showroom. Tesla announced its Q1 2021 earnings today. Toby Scott | LightRocket | Getty Images Check out the companies making headlines after the bell: Tesla — Shares of Tesla edged more than 2% higher in extended trading after the electric vehicle […]
Tesla reports more than $1 billion in net income during Q2, up tenfold from a year ago
Tesla reported earnings after the bell Monday, and it’s a beat on both top and bottom lines. Shares rose about 1% after hours. Here are the results. Earnings: $1.45 vs 98 cents per share adjusted expected, according to Refinitiv Revenue: $11.96 billion vs $11.30 billion expected, according to Refinitiv The company reported $1.14 […]
Bitcoin briefly tops $40,000 for first time since June as cryptocurrency rallies after sell-off
Bitcoin surged above $40,000 for the first time in nearly six weeks on Monday as sentiment turned bullish following a recent sell-off. The cryptocurrency traded above the key level briefly, reaching $40,245 by 3:30 p.m. ET, according to Coin Metrics data. Bitcoin last traded above the $40,000 level on June […]